Answer-The principle of utmost good faith requires:

Explanation The principle of utmost good faith requires both parties to the insurance contract to act honestly and disclose all material information relevant to the risk being insured.

Question

The principle of utmost good faith requires:

A The insurer to assess all risks independently.

B The proposer to disclose all material facts about the proposed risk.

C Both parties to avoid fraud.

D Premium payment in advance.

E None of the above

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The principle of utmost good faith requires:

Solution